An Analysis of the Economic and Social Factors Affecting Real Convergence in Romania
It is essential that a high level of real convergence is achieved before joining the euro area, as major differences can lead to difficulties in managing the business cycles, in the absence of an independent monetary policy. Therefore, each country should ensure a sufficient level of GDP per capita...
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| Format: | Article |
| Language: | English |
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Ovidius University Press
2022-09-01
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| Series: | Ovidius University Annals: Economic Sciences Series |
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| Online Access: | https://stec.univ-ovidius.ro/html/anale/RO/2022-2/Section%203/8.pdf |